FTSE 100 movers: Autonomy leads the decline
16th Jun 2011 14:12
Just three stocks are making gains, with WPP, Capita and Vodafone edging slightly higher. Meanwhile, Autonomy is the worst performer on the blue chip index, losing over 4%. Engineering peers GKN, IMI and Weir are also lower. The miners are lower today, as global growth fears dampen the markets. Lo
Read moreLondon close: Glencore drags Footsie 1% lower
15th Jun 2011 16:39
The blue chip index slipped further into the red on the back of a poor start on Wall Street as economic data disappointed. US May consumer price index came in ahead of forecasts, rising 0.2%. While the Federal Reserve Bank of New York manufacturing sector index fell to a reading of -7.79, from 11.9
Read moreFTSE 100 movers: Glenore dismisses rumours, shares drop
15th Jun 2011 14:08
Glencore is the worst performing stock on the blue chip index as of Wednesday afternoon. In a brief statement in response to press speculation, the commodities trader stated that it is not actively considering an offer for Kazakh mining company Eurasian Natural Resources Corporation (ENRC). The offi
Read moreLondon open: FTSE 100 lower despite Sainsbury's rise
15th Jun 2011 08:22
Shares have edged slightly lower in a continuation of the uncertain trading seen in recent days. But supermarket group Sainsbury is going well after it saw like-for-like (LFL) sales growth in line with management's expectations in the 12 weeks to 11 June, though the growth rate was below some brok
Read moreLondon pre-open: Stocks off the boil
15th Jun 2011 07:41
After yesterday's strong showing London's blue-chips look set to start the day in more subdued mood, with City traders suggesting the Footsie will open around a dozen or so points down from last night's close. Supermarket group Sainsbury saw like-for-like (LFL) sales growth in line with management'
Read moreChampagne stays on ice at Sainsbury
15th Jun 2011 07:02
Supermarket group Sainsbury saw like-for-like (LFL) sales growth in line with management's expectations in the 12 weeks to 11 June, though the growth rate was below some brokers' estimates. "We've delivered a solid sales performance, in line with our expectations, in spite of the continued tough co
Read moreWednesday preview: Sainsbury, Game
14th Jun 2011 15:47
Hot on the heels of sector leader Tesco's underwhelming first quarter trading update, supermarket group J. Sainsbury is set to update the market on Wednesday. Broker Nomura Securities is expecting a "solid" update, with like-for-like (LFL) sales growth, excluding fuel but including value added tax
Read moreWeek ahead: Tesco and Sainsbury's to post sales growth
10th Jun 2011 12:51
Warm weather and a string of bank holidays recently has been good news for many consumer-facing companies lately and the broker Panmure Gordon expects supermarket giant Tesco to report a return to like-for-like sales growth in the UK in the first quarter. "Food sales will have been helped by the de
Read moreSector movers: Insurers rise, retailers fall
7th Jun 2011 16:09
The life insurance sector is being boosted higher by the blue chips today, after Resolution announced a share repurchase. UK insurance buyout firm Resolution was the pick of the bunch today, after announcing its plans to return £500m of excess cash to shareholders. Citi has reiterated its 'buy' r
Read moreFTSE 100 movers: Insurers dominate the risers
7th Jun 2011 15:34
UK insurance buyout firm Resolution is the pick of the bunch today, after announcing its plans to return £500m of excess cash to shareholders. Citi has reiterated its 'buy' recommendation on the stock, saying that - given lower asset and debt leverage - "the Resolution business should be at a premi
Read moreCadogan bosses buy shares
25th May 2011 17:18
Chief executive Ian Baron and finance boss Gordon Stein have been upping their stakes in oil and gas group Cadogan Petroleum. Baron took 150,000 shares at 42.25p a time, paying a total of £63,375, and now has 650,000. Stein took 68,685 shares at 43p a pop, taking his holding to 193,685. Cadogan s
Read morePremier Farnell names new chairman
25th May 2011 08:31
Valerie Gooding, the former chief executive of health insurance firm BUPA, is to be the new chairman of Premier Farnell, the electronic and industrial components distributor. Gooding, who will give up her non-executive directorship on the board of supermarket group Sainsbury when she moves into the
Read moreTalkTalk non-exec spends £250,000
23rd May 2011 15:19
Non-executive director Ian West has spent £250,000 on shares in the fixed line voice and broadband telecommunications company TalkTalk, it announced today. He took 181,700 shares at 137.58p a pop, taking his holding to 346,023 shares. The shares are lower than when he last took a stake in the com
Read moreBroker tips: Sainsbury, AstraZeneca, Imperial Tobacco
12th May 2011 12:58
Even though Sainsbury's full-year results were in line with expectations, Nomura thinks there's better value - and growth - elsewhere in the supermarket sector, and downgrades its sales forecasts or 2012. Nomura trims its like-for-like sales forecasts (excluding fuel, including VAT) for the current
Read moreBroker snap: Sales estimates trimmed at Sainsbury
12th May 2011 12:56
Even though Sainsbury's full-year results were in line with expectations, Nomura thinks there's better value - and growth - elsewhere in the supermarket sector, and downgrades its sales forecasts or 2012. "Following a weaker performance in 4Q, Sainsbury painted a predictably cautious picture of a s
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